JA said...
I can't tell whether it is gold acting strange or the currencies acting strange in the Monday european session. Nothing seems to be correlating. Or am I not seeing things correctly?
April 19, 2010 1:33 AM
gt said...
JA...
You're not crazy. These markets are totally being manipulated right now.
The bullion banks beat gold down on Friday and pushed it down further when it opened up Sunday evening here.
It has been pushed lower all night and just managed to rally to the top 75% retrace point, but may get pushed back down here for awhile.
Gold has not been running counter to gold for awhile either.
Usually when the Euro rises and stocks and oil rise, gold will rise too.
But things are getting more complicated as gold assumes its role as the
Universal Currency of the Planet as all the worthless fiat paper currencies
become worthless as they have been over printed into oblivion.
April 19, 2010 5:49 AM
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